You are visiting this website from:
View All Jobs

Derivatives lawyer

Job Seekers United Kingdom Legal Professional Services

Job Summary

  • London
  • Permanent
  • BBBH799755
  • Jan 18, 2022
  • Competitive
Job Description

One of the Big 4's FS Law UK team requires a derivatives lawyer to contribute to its multi-disciplinary, multi-jurisdictional offering across banking, capital markets, and wealth & asset management

The firm

My client's legal professionals provide multidisciplinary legal and legal-managed services to the General Counsel of multinational corporations. They bring innovative solutions to better address the challenges their clients face and deliver the value and outcomes they seek.

My client's lawyers and legal-managed service specialists have led teams in banks and other regulated firms, and have worked in-house within legal teams and compliance functions, dealing with a broad range of regulatory change issues and regulatory investigations. They regularly advise and deliver end to end solutions on regulatory compliance matters, including IBOR, CSDR, Uncleared Margin Reform, Brexit, SMCR, GDPR, PSD2 and MiFiD2, in addition to local market and EU/cross-border regulatory compliance.

The opportunity

This is an opportunity for a senior derivatives and ISDA lawyer to join its rapidly growing financial services focused legal managed services team to help support their clients execute on their business as usual and project driven legal documentation work.

This role falls within my client's legal managed services as an integrated part of their wider business both in the UK and globally. As such, they deliver leading market insight and subject matter expertise scaled by their global legal managed service platform. My client is able to bring together leading legal advice, innovative processes, best in breed technology and leading legal delivery professionals across the globe.

Key Responsibilities

  • Delivery of legal services engagements, taking a professional, practical and commercial approach
  • Ensuring technical excellence and legal subject matter expertise
  • Build and maintain relationships with our clients and provide high levels of client service
  • Win work by proactively managing existing clients and pursuing new client engagement
  • Consider legal issues and risks as brought about by regulatory change (i.e. IBOR, Initial Margin, CSDR and BRRD II etc.) in relation to legacy contracts and trading documentation including derivatives, securities and loan documentation.
  • Review, draft and negotiate various types of Master Agreement documentation for OTCs (English and New York Law as applicable) including but not limited to: securities and loan documentation ISDA Master Agreements (and ancillary documentation), Credit Support Annex, GMRAs, MRAs, GMLSAs, MSLAs, MSFTAs, Prime Brokerage documentation (including PBAs and ancillary agreements) futures, Tri-Party Agreements, Collateral Control Agreements, or any other clearing agreements.
  • Consider constitutional documents, including netting, collateral and capacity opinions as may be required as well as assist with the drafting of additional bespoke provisions of particular jurisdictions or counterparty types.
  • Strong knowledge of ISDA, other derivatives, loan and securities documentation in addition to trading and product agreements.
  • Keeping informed of business and regulatory developments as they impact on the way in which the business operates.
  • Liaising with relevant internal stakeholders (including but not limited to trading, sales, credit, treasury, tax and legal) throughout the project lifecycle.
  • Keeping work in progress records up to date and disseminating information on project status to senior stakeholders.
  • Presenting back legal escalation issues to senior internal client stakeholders.

Qualifications and Skills

  • Experience negotiating ISDA and other financial trade documentation
  • An excellent grasp of the regulatory landscape in the UK and EU, and a broad understanding of major international regulatory initiatives
  • Experience of advising on significant regulatory compliance matters such as; Uncleared Margin Reform, PSD II, Brexit, IBOR, AIFMD, MIFID II, EMIR, FSMA and other relevant laws and regulations
  • An understanding of Bank Regulatory capital issues and other issues affecting the banking sector, such SMCR and IBOR
  • Positive attitude and willingness to be a team player
  • Experience managing teams (incl. virtual or cross-border) of 2 to 6+ people


  • Demonstrable regulatory and/or derivatives law experience of a minimum of 5+ years PQE.
  • For individuals who are not legally qualified, 8+ years of direct experience managing a wide variety of derivatives and master trading agreements negotiations
  • A proven record of negotiating complex documentation within very tight time deadlines.rvice and internal coordination skills as part of a project team with a mandate.
  • Excellent interpersonal, oral and communication and organizational skills to work quickly and efficiently to achieve results.
  • Excellent project management and communication skills

Get in touch with Pippa Campbell (Legal Lead - Financial Services) on or 020 7092 0133 / 07399 334 646 to discuss the role further.

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.



Consultant Details

Consultant Details

Pippa Campbell
Pippa Campbell
  • Legal Recruitment Consultant (In-House Lead) | Solicitor
  • (0)7399 334 646